Specific Job Releted Process Knowledge and Skills
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Leveraging the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI
PSA580-2D
2 Weeks of Process Good & Best Practices Workshop
Petroleum Production Sharing Agreements (PSAs) Contract Management Processes
Building Hands-on Skills & Competencies in
Managing PSAs to Meet Organizational Operational & Strategic Objectives
Protecting Organizational Interests on PSAs
- PSA Project Risk Allocation
- PSA Contract Administration
- Essential PSA Communications & Documentations
- Win-Win Resolution of Disagreements & Disputes on PSAs
www.eurotraining.com/bro/psa580-2.php
2 Week Job Process Good & Best Practices Training
New Delhi
| Kualalumpur
|
London
| New York
|
Seattle, USA
| New Delhi
|
Kualalumpur
| New Delhi
|
London
| New York
|
Seattle
| Istanbul
|
New Delhi
| Kualalumpur
|
New Delhi
| London
|
New York
| Seattle, USA
|
London
| Dubai
|
Kualalumpur
| Dubai
|
London
| New York
|
Seattle, USA
| Istanbul
|
New York
| Dubai 27 April-8 May 2025
|
London 25 May-5 June 2025
|
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What is Covered in this Training Workshop?
This Petroleum Production Sharing Agreements (PSAs) Contract Manager Training Workshop Builds Professionals who will have the Understanding, Process Knowledge, Skills, Competencies, Management Insights, including Leadership, they will need to become True Expert Professionals in this area.
The objective of this program is to create PSA Managers who can Manage all aspects of the PSA Unit in their organizations, including managing the PSA Professionals to effectively Administer PSA Contracts with focus on Protecting the Petroleum Production Project and their employer. These managers will ensure the PSA Unit efficiently and effectively Plans the Processes, Delegates Responsibilities, Controls Performance, Prepares & Keeps Updated PSA SOPs, Maintains an Effective PSA Knowledge System, Ensures Staff have the required Competencies, Monitors Performance, Solves Problems, Coaches the Professionals, Resolves Disputes and Provides Meaningful Reports to Management.
This program provides the PSA Contract Manager participant the essential Understanding, Competencies, Skills, Process Knowledge and Management Guidance to perform his Professional Assignment in an effective, efficient, customer focused manner, always targeting for Meeting the Operational & Strategic Objectives. This is a comprehensive program.
Program Topics mentioned below will be discussed in great detail to ensure the participants gains a full Multi-Discipline Multi-Stakeholder Latest-Technology Equipped Understanding of the Processes he will be required to Plan, Execute, Supervise or Improve.
Production sharing Contracts PSAs are prone to many problems, this program will discuss these problem areas, and suggest solutions from Good Practices, and, Benchmark with International Best Practices.
This Professional training program will also discuss in detail for each of the important Risks and Conditions in Production Sharing Contracts PSAs the True Contractual Understanding, the Contract Administration Requirements, the communications required, the Documentary Records to be Maintained, potential disputes and best strategies for win-win dispute resolution.
Who Should Attend?
This program is intended for Production Sharing Agreement Decision Makers, PSA Professionals, Managers, Auditors, Finance Departments, Government Decision Makers and Oversight Committee Members, Regulators and Policy Makers.
This program content and knowhow will also be useful for promising PSA Contract Administrators so they can be prepared for future PSA Unit Management Roles.
Program Content & Modules
Petroleum Production Sharing Agreements (PSAs) Contract Management Processes
Business Aspects of Petroleum Production Sharing Agreements (PSAs)
PSA Problems, Leakages, Inefficiencies and Solutions
PSA Stakeholders and their Expectations
Legal & Regulatory Aspects of PSAs
PSA Operational Objectives
Short discussion on PSA Possible Problems, Leakages, Inefficiencies and Solutions arising from lack of Company or Regulatory Control over the PSA Process
Managing PSA
(1) Ringfencing exploration, discovery, commercial discovery
(2) Licensee Contracts
(3) Inflation of Costs by Contractors
(4) Relinquishing of Exploration Rights
(5) Contractual Relinquishment of Exploration Rights
(6) Dispute Resolution by Independent Expert
(7) Failure to Deliver the PSA Area
(8) Failure to Invest Adequately
(9) Insufficient Cost Control
(10) Owner Committee approval of Key Procurements, Materials and Subcontracts
(11) Alignment of Recoverable Cost to Work Plans
(12) Approval of Change of Control or Participating Interest
(13) Preemptive Rights
(14) Termination Process
(15) Petroleum Sales
(16) Local Community Hiring & Training.Managing the Processes for
(1) Contract Conditions Drafting
(2) Contract Administration
(3) Management Controls under Various Clauses
(4) Incentives
(5) Use of Expert Committees for Major Expense Proposals
(6) Intelligent Record Keeping and Reporting.Risks Sharing on Production Sharing Agreements
Understanding the True Interpretation Rules of Key Provisions
Understanding Key PSA conditions
Managing PSA Contractual Communications
Good Practices for Maintaining PSA Contractual Records
Documenting Evidence to Help Resolve Disagreements and Disputes
Negotiating Win-Win Settlement of PSA Disputes
Building a PSA Contract Administration & Dispute Resolution Knowledgebase
Workshop 1
Developing a PSA Risk Management Plan
Developing an Early Warning Systems to Identify Emerging PSA Contract Risks & Opportunities
Professional Level Insights into PSA Processes & Decision Making
Developing a PSA Quality Assurance (QA) & QC Plan
Workshop 2
Program Recommendations
Detailed PSA Personalized Improvement Action Plan
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